Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet June 30, 2018 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | Scripps Networks | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | ASSETS | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | — |
| | $ | 47 |
| | $ | — |
| | $ | 25 |
| | $ | 246 |
| | $ | 74 |
| | $ | — |
| | $ | 392 |
| Receivables, net | | — |
| | — |
| | — |
| | 474 |
| | 1,350 |
| | 923 |
| | — |
| | 2,747 |
| Content rights, net | | — |
| | — |
| | — |
| | 3 |
| | 269 |
| | 86 |
| | — |
| | 358 |
| Prepaid expenses and other current assets | | 20 |
| | 53 |
| | 31 |
| | 33 |
| | 155 |
| | 117 |
| | — |
| | 409 |
| Inter-company trade receivables, net | | — |
| | — |
| | — |
| | 182 |
| | — |
| | — |
| | (182 | ) | | — |
| Total current assets | | 20 |
| | 100 |
| | 31 |
| | 717 |
| | 2,020 |
| | 1,200 |
| | (182 | ) | | 3,906 |
| Investment in and advances to subsidiaries | | 7,918 |
| | 13,795 |
| | (5,945 | ) | | 6,494 |
| | — |
| | (3,929 | ) | | (18,333 | ) | | — |
| Noncurrent content rights, net | | — |
| | — |
| | — |
| | 676 |
| | 1,576 |
| | 1,006 |
| | — |
| | 3,258 |
| Assets held for sale | | — |
| | — |
| | — |
| | 68 |
| | — |
| | — |
| | — |
| | 68 |
| Goodwill, net | | — |
| | — |
| | — |
| | 3,678 |
| | 3,316 |
| | 6,125 |
| | — |
| | 13,119 |
| Intangible assets, net | | — |
| | — |
| | — |
| | 256 |
| | 1,377 |
| | 8,735 |
| | — |
| | 10,368 |
| Equity method investments, including note receivable | | — |
| | 96 |
| | — |
| | 23 |
| | 317 |
| | 587 |
| | — |
| | 1,023 |
| Other noncurrent assets, including property and equipment, net | | — |
| | — |
| | 20 |
| | 516 |
| | 772 |
| | 462 |
| | (20 | ) | | 1,750 |
| Total assets | | $ | 7,938 |
| | $ | 13,991 |
| | $ | (5,894 | ) | | $ | 12,428 |
| | $ | 9,378 |
| | $ | 14,186 |
| | $ | (18,535 | ) | | $ | 33,492 |
| LIABILITIES AND EQUITY | | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | | | | Current portion of debt | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 608 |
| | $ | 27 |
| | $ | 11 |
| | $ | — |
| | $ | 646 |
| Other current liabilities | | — |
| | 83 |
| | — |
| | 339 |
| | 1,147 |
| | 481 |
| | — |
| | 2,050 |
| Inter-company trade payables, net | | — |
| | — |
| | — |
| | — |
| | 182 |
| | — |
| | (182 | ) | | — |
| Total current liabilities | | — |
| | 83 |
| | — |
| | 947 |
| | 1,356 |
| | 492 |
| | (182 | ) | | 2,696 |
| Noncurrent portion of debt | | — |
| | 241 |
| | — |
| | 16,858 |
| | 544 |
| | 40 |
| | — |
| | 17,683 |
| Other noncurrent liabilities | | 2 |
| | 86 |
| | — |
| | 568 |
| | 574 |
| | 1,866 |
| | (19 | ) | | 3,077 |
| Total liabilities | | 2 |
| | 410 |
| | — |
| | 18,373 |
| | 2,474 |
| | 2,398 |
| | (201 | ) | | 23,456 |
| Redeemable noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | 410 |
| | — |
| | — |
| | 410 |
| Equity attributable to Discovery, Inc. | | 7,936 |
| | 13,581 |
| | (5,894 | ) | | (5,945 | ) | | 6,494 |
| | 11,788 |
| | (20,024 | ) | | 7,936 |
| Noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1,690 |
| | 1,690 |
| Total equity | | 7,936 |
| | 13,581 |
| | (5,894 | ) | | (5,945 | ) | | 6,494 |
| | 11,788 |
| | (18,334 | ) | | 9,626 |
| Total liabilities and equity | | $ | 7,938 |
| | $ | 13,991 |
| | $ | (5,894 | ) | | $ | 12,428 |
| | $ | 9,378 |
| | $ | 14,186 |
| | $ | (18,535 | ) | | $ | 33,492 |
|
Condensed Consolidating Balance Sheet December 31, 2017 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | ASSETS | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | — |
| | $ | — |
| | $ | 6,800 |
| | $ | 509 |
| | $ | — |
| | $ | — |
| | $ | 7,309 |
| Receivables, net | | — |
| | — |
| | 410 |
| | 1,428 |
| | — |
| | — |
| | 1,838 |
| Content rights, net | | — |
| | — |
| | 4 |
| | 406 |
| | — |
| | — |
| | 410 |
| Prepaid expenses and other current assets | | 49 |
| | 32 |
| | 204 |
| | 149 |
| | — |
| | — |
| | 434 |
| Inter-company trade receivables, net | | — |
| | — |
| | 205 |
| | — |
| | — |
| | (205 | ) | | — |
| Total current assets | | 49 |
| | 32 |
| | 7,623 |
| | 2,492 |
| | — |
| | (205 | ) | | 9,991 |
| Investment in and advances to subsidiaries | | 4,563 |
| | 4,532 |
| | 6,951 |
| | — |
| | 3,056 |
| | (19,102 | ) | | — |
| Noncurrent content rights, net | | — |
| | — |
| | 672 |
| | 1,541 |
| | — |
| | — |
| | 2,213 |
| Goodwill, net | | — |
| | — |
| | 3,677 |
| | 3,396 |
| | — |
| | — |
| | 7,073 |
| Intangible assets, net | | — |
| | — |
| | 259 |
| | 1,511 |
| | — |
| | — |
| | 1,770 |
| Equity method investments, including note receivable | | — |
| | — |
| | 25 |
| | 310 |
| | — |
| | — |
| | 335 |
| Other noncurrent assets, including property and equipment, net | | — |
| | 20 |
| | 364 |
| | 809 |
| | — |
| | (20 | ) | | 1,173 |
| Total assets | | $ | 4,612 |
| | $ | 4,584 |
| | $ | 19,571 |
| | $ | 10,059 |
| | $ | 3,056 |
| | $ | (19,327 | ) | | $ | 22,555 |
| LIABILITIES AND EQUITY | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | | Current portion of debt | | $ | — |
| | $ | — |
| | $ | 7 |
| | $ | 23 |
| | $ | — |
| | $ | — |
| | $ | 30 |
| Other current liabilities | | — |
| | — |
| | 572 |
| | 1,269 |
| | — |
| | — |
| | 1,841 |
| Inter-company trade payables, net | | — |
| | — |
| | — |
| | 205 |
| | — |
| | (205 | ) | | — |
| Total current liabilities | | — |
| | — |
| | 579 |
| | 1,497 |
| | — |
| | (205 | ) | | 1,871 |
| Noncurrent portion of debt | | — |
| | — |
| | 14,163 |
| | 592 |
| | — |
| | — |
| | 14,755 |
| Other noncurrent liabilities | | 2 |
| | — |
| | 297 |
| | 606 |
| | 21 |
| | (20 | ) | | 906 |
| Total liabilities | | 2 |
| | — |
| | 15,039 |
| | 2,695 |
| | 21 |
| | (225 | ) | | 17,532 |
| Redeemable noncontrolling interests | | — |
| | — |
| | — |
| | 413 |
| | — |
| | — |
| | 413 |
| Total equity | | 4,610 |
| | 4,584 |
| | 4,532 |
| | 6,951 |
| | 3,035 |
| | (19,102 | ) | | 4,610 |
| Total liabilities and equity | | $ | 4,612 |
| | $ | 4,584 |
| | $ | 19,571 |
| | $ | 10,059 |
| | $ | 3,056 |
| | $ | (19,327 | ) | | $ | 22,555 |
|
|
Condensed Consolidating Statement of Operations |
Condensed Consolidating Statement of Operations Three Months Ended June 30, 2018 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | Scripps Networks | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Revenues | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 506 |
| | $ | 1,385 |
| | $ | 961 |
| | $ | (7 | ) | | $ | 2,845 |
| Costs of revenues, excluding depreciation and amortization | | — |
| | — |
| | — |
| | 107 |
| | 593 |
| | 292 |
| | 3 |
| | 995 |
| Selling, general and administrative | | 5 |
| | 1 |
| | — |
| | 87 |
| | 417 |
| | 187 |
| | (10 | ) | | 687 |
| Depreciation and amortization | | — |
| | — |
| | — |
| | 11 |
| | 100 |
| | 299 |
| | — |
| | 410 |
| Restructuring and other charges | | 1 |
| | — |
| | — |
| | 16 |
| | 137 |
| | 35 |
| | (2 | ) | | 187 |
| Gain on disposition | | — |
| | — |
| | — |
| | — |
| | (84 | ) | | — |
| | — |
| | (84 | ) | Total costs and expenses | | 6 |
| | 1 |
| | — |
| | 221 |
| | 1,163 |
| | 813 |
| | (9 | ) | | 2,195 |
| Operating (loss) income | | (6 | ) | | (1 | ) | | — |
| | 285 |
| | 222 |
| | 148 |
| | 2 |
| | 650 |
| Equity in earnings of subsidiaries | | 222 |
| | 82 |
| | 154 |
| | 53 |
| | — |
| | 103 |
| | (614 | ) | | — |
| Interest income (expense) | | — |
| | 2 |
| | — |
| | (188 | ) | | (10 | ) | | — |
| | — |
| | (196 | ) | Income (loss) from equity investees, net | | — |
| | — |
| | — |
| | 1 |
| | (46 | ) | | 5 |
| | — |
| | (40 | ) | Other income (expense), net | | — |
| | 1 |
| | — |
| | 73 |
| | (82 | ) | | (38 | ) | | (1 | ) | | (47 | ) | Income before income taxes | | 216 |
| | 84 |
| | 154 |
| | 224 |
| | 84 |
| | 218 |
| | (613 | ) | | 367 |
| Income tax benefit (expense) | | 1 |
| | — |
| | — |
| | (70 | ) | | (26 | ) | | (28 | ) | | — |
| | (123 | ) | Net income | | 217 |
| | 84 |
| | 154 |
| | 154 |
| | 58 |
| | 190 |
| | (613 | ) | | 244 |
| Net income attributable to noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (23 | ) | | (23 | ) | Net income attributable to redeemable noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (5 | ) | | (5 | ) | Net income available to Discovery, Inc. | | $ | 217 |
| | $ | 84 |
| | $ | 154 |
| | $ | 154 |
| | $ | 58 |
| | $ | 190 |
| | $ | (641 | ) | | $ | 216 |
|
Condensed Consolidating Statement of Operations Three Months Ended June 30, 2017 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Revenues | | $ | — |
| | $ | — |
| | $ | 525 |
| | $ | 1,224 |
| | $ | — |
| | $ | (4 | ) | | $ | 1,745 |
| Costs of revenues, excluding depreciation and amortization | | — |
| | — |
| | 112 |
| | 522 |
| | — |
| | — |
| | 634 |
| Selling, general and administrative | | 5 |
| | — |
| | 56 |
| | 332 |
| | — |
| | (4 | ) | | 389 |
| Depreciation and amortization | | — |
| | — |
| | 11 |
| | 69 |
| | — |
| | — |
| | 80 |
| Restructuring and other charges | | — |
| | — |
| | 3 |
| | 5 |
| | — |
| | — |
| | 8 |
| Loss on disposition | | — |
| | — |
| | — |
| | 4 |
| | — |
| | — |
| | 4 |
| Total costs and expenses | | 5 |
| | — |
| | 182 |
| | 932 |
| | — |
| | (4 | ) | | 1,115 |
| Operating (loss) income | | (5 | ) | | — |
| | 343 |
| | 292 |
| | — |
| | — |
| | 630 |
| Equity in earnings of subsidiaries | | 376 |
| | 376 |
| | 245 |
| | — |
| | 251 |
| | (1,248 | ) | | — |
| Interest expense | | — |
| | — |
| | (83 | ) | | (8 | ) | | — |
| | — |
| | (91 | ) | Loss from equity investees, net | | — |
| | — |
| | — |
| | (42 | ) | | — |
| | — |
| | (42 | ) | Other (expense) income, net | | — |
| | — |
| | (62 | ) | | 38 |
| | — |
| | — |
| | (24 | ) | Income before income taxes | | 371 |
| | 376 |
| | 443 |
| | 280 |
| | 251 |
| | (1,248 | ) | | 473 |
| Income tax benefit (expense) | | 3 |
| | — |
| | (67 | ) | | (29 | ) | | — |
| | — |
| | (93 | ) | Net income | | 374 |
| | 376 |
| | 376 |
| | 251 |
| | 251 |
| | (1,248 | ) | | 380 |
| Net income attributable to redeemable noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | (6 | ) | | (6 | ) | Net income available to Discovery, Inc. | | $ | 374 |
| | $ | 376 |
| | $ | 376 |
| | $ | 251 |
| | $ | 251 |
| | $ | (1,254 | ) | | $ | 374 |
|
Condensed Consolidating Statement of Operations Six Months Ended June 30, 2018 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | Scripps Networks | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Revenues | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 994 |
| | $ | 2,934 |
| | $ | 1,234 |
| | $ | (10 | ) | | $ | 5,152 |
| Costs of revenues, excluding depreciation and amortization | | — |
| | — |
| | — |
| | 214 |
| | 1,459 |
| | 384 |
| | (2 | ) | | 2,055 |
| Selling, general and administrative | | 31 |
| | — |
| | — |
| | 167 |
| | 853 |
| | 253 |
| | (8 | ) | | 1,296 |
| Depreciation and amortization | | — |
| | — |
| | — |
| | 28 |
| | 193 |
| | 382 |
| | — |
| | 603 |
| Restructuring and other charges | | 9 |
| | — |
| | — |
| | 59 |
| | 235 |
| | 127 |
| | (2 | ) | | 428 |
| Gain on disposition | | — |
| | — |
| | — |
| | — |
| | (84 | ) | | — |
| | — |
| | (84 | ) | Total costs and expenses | | 40 |
| | — |
| | — |
| | 468 |
| | 2,656 |
| | 1,146 |
| | (12 | ) | | 4,298 |
| Operating (loss) income | | (40 | ) | | — |
| | — |
| | 526 |
| | 278 |
| | 88 |
| | 2 |
| | 854 |
| Equity in earnings of subsidiaries | | 239 |
| | 38 |
| | 225 |
| | 62 |
| | — |
| | 150 |
| | (714 | ) | | — |
| Interest expense | | — |
| | (4 | ) | | — |
| | (345 | ) | | (22 | ) | | (2 | ) | | — |
| | (373 | ) | Income (loss) from equity investees, net | | — |
| | — |
| | — |
| | 1 |
| | (77 | ) | | 14 |
| | — |
| | (62 | ) | Other income (expense), net | | — |
| | 2 |
| | — |
| | 49 |
| | (78 | ) | | (41 | ) | | (1 | ) | | (69 | ) | Income before income taxes | | 199 |
| | 36 |
| | 225 |
| | 293 |
| | 101 |
| | 209 |
| | (713 | ) | | 350 |
| Income tax benefit (expense) | | 9 |
| | — |
| | — |
| | (68 | ) | | (28 | ) | | (16 | ) | | — |
| | (103 | ) | Net income | | 208 |
| | 36 |
| | 225 |
| | 225 |
| | 73 |
| | 193 |
| | (713 | ) | | 247 |
| Net income attributable to noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (28 | ) | | (28 | ) | Net income attributable to redeemable noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (11 | ) | | (11 | ) | Net income available to Discovery, Inc. | | $ | 208 |
| | $ | 36 |
| | $ | 225 |
| | $ | 225 |
| | $ | 73 |
| | $ | 193 |
| | $ | (752 | ) | | $ | 208 |
|
Condensed Consolidating Statement of Operations Six Months Ended June 30, 2017 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Revenues | | $ | — |
| | $ | — |
| | $ | 1,016 |
| | $ | 2,349 |
| | $ | — |
| | $ | (7 | ) | | $ | 3,358 |
| Costs of revenues, excluding depreciation and amortization | | — |
| | — |
| | 220 |
| | 1,021 |
| | — |
| | — |
| | 1,241 |
| Selling, general and administrative | | 9 |
| | — |
| | 130 |
| | 672 |
| | — |
| | (7 | ) | | 804 |
| Depreciation and amortization | | — |
| | — |
| | 23 |
| | 137 |
| | — |
| | — |
| | 160 |
| Restructuring and other charges | | — |
| | — |
| | 19 |
| | 13 |
| | — |
| | — |
| | 32 |
| Loss on disposition | | — |
| | — |
| | — |
| | 4 |
| | — |
| | — |
| | 4 |
| Total costs and expenses | | 9 |
| | — |
| | 392 |
| | 1,847 |
| | — |
| | (7 | ) | | 2,241 |
| Operating (loss) income | | (9 | ) | | — |
| | 624 |
| | 502 |
| | — |
| | — |
| | 1,117 |
| Equity in earnings of subsidiaries | | 594 |
| | 594 |
| | 385 |
| | — |
| | 396 |
| | (1,969 | ) | | — |
| Interest expense | | — |
| | — |
| | (169 | ) | | (13 | ) | | — |
| | — |
| | (182 | ) | Loss on extinguishment of debt | | — |
| | — |
| | (54 | ) | | — |
| | — |
| | — |
|
| (54 | ) | Income (loss) from equity investees, net | | — |
| | — |
| | 1 |
| | (96 | ) | | — |
| | — |
| | (95 | ) | Other (expense) income, net | | — |
| | — |
| | (89 | ) | | 52 |
| | — |
| | — |
| | (37 | ) | Income before income taxes | | 585 |
| | 594 |
| | 698 |
| | 445 |
| | 396 |
| | (1,969 | ) | | 749 |
| Income tax benefit (expense) | | 4 |
| | — |
| | (104 | ) | | (48 | ) | | — |
| | — |
| | (148 | ) | Net income | | 589 |
| | 594 |
| | 594 |
| | 397 |
| | 396 |
| | (1,969 | ) | | 601 |
| Net income attributable to redeemable noncontrolling interests | | — |
| | — |
| | — |
| | — |
| | — |
| | (12 | ) | | (12 | ) | Net income available to Discovery, Inc. | | $ | 589 |
| | $ | 594 |
| | $ | 594 |
| | $ | 397 |
| | $ | 396 |
| | $ | (1,981 | ) | | $ | 589 |
|
|
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2018 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | Scripps Networks | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Operating Activities | | | | | | | | | | | | | | | | | Cash (used in) provided by operating activities | | $ | (100 | ) | | $ | (14 | ) | | $ | (8 | ) | | $ | 156 |
| | $ | 405 |
| | $ | 277 |
| | $ | — |
| | $ | 716 |
| Investing Activities | | | | | | | | | | | | | | | | | Business acquisitions, net of cash acquired | | (8,714 | ) | | 54 |
| | — |
| | — |
| | — |
| | 95 |
| | — |
| | (8,565 | ) | Payments for investments | | — |
| | — |
| | — |
| | (10 | ) | | (45 | ) | | 7 |
| | — |
| | (48 | ) | Proceeds from dispositions, net of cash disposed | | — |
| | — |
| | — |
| | — |
| | 107 |
| | — |
| | — |
| | 107 |
| Purchases of property and equipment | | — |
| | — |
| | — |
| | (12 | ) | | (56 | ) | | (14 | ) | | — |
| | (82 | ) | Proceeds from derivative instruments, net | | — |
| | — |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | 1 |
| Inter-company distributions, and other investing activities, net | | — |
|
| 7 |
|
| — |
|
| 8 |
|
| 5 |
|
| (8 | ) |
| (8 | ) |
| 4 |
| Cash (used in) provided by investing activities | | (8,714 | ) | | 61 |
| | — |
| | (14 | ) | | 12 |
| | 80 |
| | (8 | ) | | (8,583 | ) | Financing Activities | |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Commercial paper borrowings, net | | — |
| | — |
| | — |
| | 579 |
| | — |
| | — |
| | — |
| | 579 |
| Principal repayments of revolving credit facility | | — |
| | — |
| | — |
| | — |
| | (50 | ) | | — |
| | — |
| | (50 | ) | Borrowings under term loan facilities | | — |
| | — |
| | — |
| | 2,000 |
| | — |
| | — |
| | — |
| | 2,000 |
| Principal (repayments) borrowings of term loans | | — |
| | — |
| | — |
| | (1,500 | ) | | — |
| | — |
| | — |
| | (1,500 | ) | Principal repayments of capital lease obligations | | — |
| | — |
| | — |
| | (4 | ) | | (17 | ) | | (4 | ) | | — |
| | (25 | ) | Distributions to noncontrolling interests and redeemable noncontrolling interests | | — |
| | — |
| | — |
| | (19 | ) | | (2 | ) | | (38 | ) | | — |
| | (59 | ) | Share-based plan proceeds, net | | 26 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 26 |
| Borrowings under program financing line of credit | | — |
| | — |
| | — |
| | 23 |
| | — |
| | — |
| | — |
| | 23 |
| Inter-company contributions and other financing activities, net | | 8,788 |
| | — |
| | 8 |
| | (7,996 | ) | | (589 | ) | | (236 | ) | | 8 |
| | (17 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash provided by (used in) financing activities | | 8,814 |
| | — |
| | 8 |
| | (6,917 | ) | | (658 | ) | | (278 | ) | | 8 |
| | 977 |
| Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | — |
| | — |
| | (22 | ) | | (5 | ) | | — |
| | (27 | ) | Net change in cash and cash equivalents | | — |
| | 47 |
| | — |
| | (6,775 | ) | | (263 | ) | | 74 |
| | — |
| | (6,917 | ) | Cash and cash equivalents, beginning of period | | — |
| | — |
| | — |
| | 6,800 |
| | 509 |
| | — |
| | — |
| | 7,309 |
| Cash and cash equivalents, end of period | | — |
| | 47 |
| | — |
| | 25 |
| | 246 |
| | 74 |
| | — |
| | 392 |
|
Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2017 (in millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Discovery | | DCH | | DCL | | Non-Guarantor Subsidiaries of DCL | | Other Non- Guarantor Subsidiaries of Discovery | | Reclassifications and Eliminations | | Discovery and Subsidiaries | Operating Activities | | | | | | | | | | | | | | | Cash provided by (used in) operating activities | | $ | 37 |
| | $ | (5 | ) | | $ | (22 | ) | | $ | 433 |
| | $ | — |
| | $ | — |
| | $ | 443 |
| Investing Activities | | | | | | | | | | | | | | | Payments for investments | | — |
| | — |
| | (7 | ) | | (263 | ) | | — |
| | — |
| | (270 | ) | Purchases of property and equipment | | — |
| | — |
| | (26 | ) | | (52 | ) | | — |
| | — |
| | (78 | ) | Distributions from equity method investees | | — |
| | — |
| | — |
| | 18 |
| | — |
| | — |
| | 18 |
| Proceeds from dispositions, net of cash disposed | | — |
| | — |
| | — |
| | 29 |
| | — |
| | — |
| | 29 |
| Proceeds from derivative instruments, net | | — |
| | — |
| | — |
| | 5 |
| | — |
| | — |
| | 5 |
| Other investing activities, net | | — |
| | — |
| | 27 |
| | 3 |
| | — |
| | (27 | ) | | 3 |
| Cash used in investing activities | | — |
| | — |
| | (6 | ) | | (260 | ) | | — |
| | (27 | ) | | (293 | ) | Financing Activities | | | | | | | | | | | | | | | Commercial paper borrowings, net | | — |
| | — |
| | 25 |
| | — |
| | — |
| | — |
| | 25 |
| Borrowings under revolving credit facility | | — |
| | — |
| | 350 |
| | — |
| | — |
| | — |
| | 350 |
| Principal repayments of revolving credit facility | | — |
| | — |
| | (200 | ) | | — |
| | — |
| | — |
| | (200 | ) | Borrowings from debt, net of discount and including premiums | | — |
| | — |
| | 659 |
| | — |
| | — |
| | — |
| | 659 |
| Principal repayments of debt, including discount payment and premiums to par value | | — |
| | — |
| | (650 | ) | | — |
| | — |
| | — |
| | (650 | ) | Principal repayments of capital lease obligations | | — |
| | — |
| | (3 | ) | | (16 | ) | | — |
| | — |
| | (19 | ) | Repurchases of stock | | (501 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (501 | ) | Cash settlement of common stock repurchase contracts | | 58 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 58 |
| Distributions to redeemable noncontrolling interests | | — |
| | — |
| | — |
| | (20 | ) | | — |
| | — |
| | (20 | ) | Share-based plan proceeds, net | | 11 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 11 |
| Inter-company contributions and other financing activities, net | | 395 |
| | 5 |
| | (165 | ) | | (270 | ) | | — |
| | 27 |
| | (8 | ) | Cash (used in) provided by financing activities | | (37 | ) | | 5 |
| | 16 |
| | (306 | ) | | — |
| | 27 |
| | (295 | ) | Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | — |
| | 51 |
| | — |
| | — |
| | 51 |
| Net change in cash and cash equivalents | | — |
| | — |
| | (12 | ) | | (82 | ) | | — |
| | — |
| | (94 | ) | Cash and cash equivalents, beginning of period | | — |
| | — |
| | 20 |
| | 280 |
| | — |
| | — |
| | 300 |
| Cash and cash equivalents, end of period | | $ | — |
| | $ | — |
| | $ | 8 |
| | $ | 198 |
| | $ | — |
| | $ | — |
| | $ | 206 |
|
|